2023 HKD to IQD Historical Review

YEARLY HIGH

187.7361 IQD

YEARLY LOW

166.0333 IQD

YEARLY AVERAGE

173.6179 IQD

2023 HKD to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 187.7361. Conversely, the yearly low was recorded on November 4, dropping to 166.0333.

This high-to-low spread represents a total annual volatility of 21.7028 IQD. From a start-to-finish perspective, comparing the January average rate of 186.6570 to the December average rate of 167.8304, the exchange rate registered a net change of -10.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 187.7361 was down 0.20% compared to the 2022 peak of 188.1140, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 4,693,402 IQD

2022 Average 4,660,298 IQD

Yearly Trough Low 4,150,832 IQD

Transaction Impact: A difference of 542,569.72 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

188.6018

165.2650

JanuMarcMayJulySeptNove

HKD to IQD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 179.7981, compared to 167.4377 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.3604 points.

H1 Avg (Jan–Jun) 179.7981

H2 Avg (Jul–Dec) 167.4377

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 19.7122 IQD (High: 186.1176 / Low: 166.4054). On the other end, September was the most stable month, with a tight range of 0.7306 IQD (High: 167.5897 / Low: 166.8592).

May Spread (Volatile) ±19.7122

September Spread (Stable) ±0.7306

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 16.5036 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -16.5036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 186.0309) against the same month in 2022 (average: 187.1218), the exchange rate shifted by -1.0909 (-0.58%).

2023 Avg (February) 186.0309

2022 Avg (February) 187.1218

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	187.1161	185.9837	186.6570
February	187.7361	184.3548	186.0309
March	186.2222	183.3209	185.7091
April	186.1863	167.6520	184.8427
May	186.1176	166.4054	168.3392
June	167.6308	166.2727	167.2097
July	168.0511	166.0407	167.3958
August	168.7872	166.4712	167.3379
September	167.5897	166.8592	167.2431
October	167.6464	166.5259	167.2979
November	168.1920	166.0333	167.5209
December	168.7022	167.5369	167.8304